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- October 29: Cotton producers: Initiate 2025-crop sales... Nearby cotton futures pushed above our 65-cent target. We advise cotton producers to sell 15 % of expected production, initiating 2025 crop sales. Given the upcoming meeting between President Trump and Chinese President Xi, we will evaluate our target after the dust settles, but have a preliminary target of 70 cents.
- October 28: No changes.
- October 27: Soybean producers: Extend 2025-crop sales...November soybeans have rallied to a 4 1/2 month high, hitting our target of $10.70. We advise soybean hedgers and cash-only marketers to sell another 10% of the 2025-crop to get to 30% sold in the cash market. Be prepared to make additional sales on extended price strength.
- October 24: No changes.
- October 23: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn | |
|---|---|
| Cash-only marketers | 2024 crop: 100% sold 2025 crop: 20% forward sold |
| Hedgers — cash sales | 2024 crop: 100% sold 2025 crop: 20% forward sold |
| Hedgers — futures/options | No position. |
| Wait on an extended corrective bounce to increase sales. | |
Soybeans | |
| Cash-only marketers | 2024 crop: 100% sold 2025 crop: 30% forward sold |
| Hedgers — cash sales | 2024 crop: 100% sold 2025 crop: 30% forward sold |
| Hedgers — futures/options | No position. |
| Wait on a move back to the recent highs or higher to make additional old- and new-crop sales. | |
Wheat | |
| Cash-only marketers | 2025-crop: 30% sold. 2026-crop: 10% forward sold. |
| Hedgers — cash sales | 2025-crop: 30% sold. 2026-crop: 10% forward sold. |
| Hedgers — futures/options | none |
| Be prepared to increase sales if recent gains are extended. | |
Cotton | |
| Cash-only marketers | 2025 crop: 15% sold |
| Hedgers — cash sales | 2025 crop: 15% sold |
| Hedgers — futures/options | No position. |
| We will wait on recommendations for new crop sales until an extended rally allows for opportunity. | |
| Livestock | |
Cattle | |
| 3rd qtr. 2025 | 0% |
| 4th qtr. 2025 | 0% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| Fed cattle producers should continue to carry risk in the cash market. | |
Hogs | |
| 3rd qtr. 2025 | 0% |
| 4th qtr. 2025 | 0% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
Carry all production risk in the cash market.
| |
Feed | |
| Corn | |
| 3rd qtr. 2025 | 100% |
| 4th qtr. 2025 | 66% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| You have all corn-for-feed needs through November covered in the cash market. | |
| Meal | |
| 3rd qtr. 2025 | 100% |
| 4th qtr. 2025 | 100% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| You have all meal for feed needs covered through December in the cash market. |